March 23, 2021 - Insolvency Guardian

VERIFY: Yes, the recent student debt forgiveness change is just a tiny fraction of total student debt – WKYC.com

Debt HelpBy Insolvency Guardian March 23, 2021

Borrowers defrauded by their schools could see all of their direct federal student loans canceled. Credit: Getty Images/iStockphoto Last week, the Department of Education announced a change that waslargely summarized as the cancellation of $1 billion in student loan debt. The announcement garnered attention because of the Biden administrations past discussion of student debt forgiveness.…

IBC activity likely to see gradual rise after resumption, say experts – Business Standard

LiquidationBy Insolvency Guardian March 23, 2021

Business Standard The CIRP, which was suspended in light of the Covid-related stress, covers a one-year period ending March 24, 2021 TopicsInsolvency and Bankruptcy Code|Indian companies|Indian corporates After suspension of the corporate insolvency resolution process (CIRP) is lifted after March 24, Insolvency and Bankruptcy Code (IBC)-related activity is likely to go up. However, experts are…

Advantages of Voluntary Copyright Registration in China Explained – JD Supra

LiquidationBy Insolvency Guardian March 23, 2021

China, like the United States, is a party to the Berne Convention for the Protection of Literary and Artistic Works. As such, in general any literary or artistic work created in the US will also be protected in China. Unlike trademark rights, which are based on use or registration (depending on the country of adoption…

Global Eagle Entertainment completes Chapter 11 restructuring – SpaceNews

RestructuringBy Insolvency Guardian March 23, 2021

TAMPA, Fla. Global Eagle Entertainment, a provider of media services and satellite Wi-Fi to aircraft, boats and remote locations, has exited Chapter 11 bankruptcy. Around half a dozen of the satellite communication providers lenders took control of the company March 23, shedding about $488 million of its debt in the process. The new owners have…

Grocon administrators advise against liquidation, large creditors to get 3c in the dollar under proposed plan – NT News

LiquidationBy Insolvency Guardian March 23, 2021

Grocons administrators have advised against winding up the collapsed construction giant after revealing the complex group has been insolvent since February 2019, deeming a deed of company arrangement in the best interests of creditors. Grocon has placed 88 subsidiaries – many of them dormant – in the hands of KordaMentha, blaming its plight on the…

Over 280 companies across the country declared bankrupt amid pandemic – EdexLive

BankruptcyBy Insolvency Guardian March 23, 2021

Representative Image | Pic: Pixabay National Company Law Tribunals (NCLT) across the country admitted a total of 283 companies into insolvency amid the pandemic after the announcement of the nationwide lockdown last year. In a written reply to the Lok Sabha, the Minister of State for Corporate Affairs, Anurag Thakur, also said that during the…

What to Do to Protect Your Finances When Your Spouse Has a Gambling Problem – Kiplinger’s Personal Finance

GamblingBy Insolvency Guardian March 23, 2021

For many people, gambling is not just a one-time lottery purchase on their 18th birthday or a game of blackjack at a bachelor party in Las Vegas. Gambling, for some, becomes an addictive activity that depletes their bank account and ruins their marriage. Even if your spouse does not gamble every day and can afford…

Debt relief is just the first step toward racial equity in agriculture, say senators – Successful Farming

Debt HelpBy Insolvency Guardian March 23, 2021

The federal promise of $4 billion in debt relief for minority farmers, part of the Biden administrations $1.9 trillion pandemic relief package, is a step toward justice, said three Democratic senators on Monday. They said the next step should be passage of legislation to root out discrimination at the USDA, transfer up to 32 million…

How Much Do You Owe? How Credit Card Debt Changed In 2020 – Forbes

Debt HelpBy Insolvency Guardian March 23, 2021

The year 2020 changed life for families across the globe. Amid major adjustments like working from home, virtual schooling and new healthcare precautions, there was another area where Americans experienced change. The Covid-19 pandemic altered credit card habits for consumers nationwide. During a year when millions were stuck at home and unemployment rates reached a…

280 companies declared bankrupt amid pandemic – The Tribune India

LiquidationBy Insolvency Guardian March 23, 2021

New Delhi, March 23 National Company Law Tribunals (NCLT) across the country admitted a total of 283 companies into insolvency amid the pandemic after the announcement of the nationwide lockdown last year. In a written reply to the Lok Sabha, the Minister of State for Corporate Affairs, Anurag Thakur, also said that during the period…

Daily Archives: March 23, 2021